Rolling Stone – by Jon Blistein
Bono expressed concern that a Lithuanian shopping center he invested in may have avoided paying profit taxes, The Guardian reports. The U2 singer’s ties to the shopping center were revealed in the Paradise Papers, a global investigation into tax havens and the offshore financial dealings of multinational corporations and wealthy individuals.
In a statement, Bono said he would be “extremely distressed if even as a passive minority investor … anything less than exemplary was done with my name anywhere near it.” He added: “I take this stuff very seriously. I have campaigned for the beneficial ownership of offshore companies to be made transparent. Indeed this is why my name is on documents rather than in a trust.” Continue reading “Bono ‘Distressed’ by Paradise Papers Allegations”